News

Private Real Estate Firm, Cohen Asset Management, Inc. Announces the Acquisition of a 370,000 Square Foot Industrial Building located in Edison, New Jersey.

Los Angeles, California (February 20, 2015)

One Truman JV LLC, an affiliate of industrial and commercial real estate investment firm Cohen Asset Management, Inc. announced the acquisition of an institutional quality distribution building located at One Truman Drive South consisting of approximately 370,000 square feet, located on approximately 30 acres of land in the Edison, New Jersey. The Property’s central location within the New Jersey industrial market and access to major transportation infrastructure make this an attractive opportunity. The Exit 10 submarket provides users with quick access to New York, being situated within 35 miles of Manhattan and The Port of New York and New Jersey as well as convenient access to highway infrastructure including the I-95, I-287, Routes 287, 440 and 1&9. These locational advantages attract a variety of users looking to be in close proximity to the ports as well as servicing the New Jersey, New York and entire Northeast markets.

"We are excited as we continue to expand our industrial footprint in the port related areas of the New Jersey marketplace with this acquisition, and we will continue to aggressively seek opportunities to acquire properties that possess superior locations and functionality for the markets they serve" said Jason Haas, Executive Vice President and COO. Mr. Haas went on to say “Our acquisition at One Truman Drive South is the latest example of our capabilities in sourcing and closing well-located best-in-class industrial properties in vibrant infill submarkets such as this Exit 10 submarket of Edison.”

This transaction represents Cohen’s 10th property acquisition in New Jersey over the past few years and is consistent with Cohen’s overall investment strategy which seeks stable, predictable cash flow coupled with opportunities to create additional value through its proven effective active asset management approach. Cohen will continue to seek out private property owners and institutions looking to monetize their equity and debt investments as a means to build upon this transaction.

About Cohen Asset Management™

Cohen Asset Management, Inc. is a private real estate investment firm that is headquartered in Southern California with a regional office in Northern New Jersey. We are in the business of acquiring, owning, developing and managing industrial properties and have an established history as a real estate owner and active operator with our primary focus being the industrial real estate sector.